Registration procedure for foreign institutional investors requires completeness, eligibility and fee compliance, with limited fee exemptions and refunds. Where an application for grant of a certificate is made, the board must within the statutory time limit grant a certificate in the prescribed form if the ... Summary
Registration procedure for foreign institutional investors requires completeness, eligibility and fee compliance, with limited fee exemptions and refunds.
Where an application for grant of a certificate is made, the board must within the statutory time limit grant a certificate in the prescribed form if the application is complete, all particulars have been furnished and the applicant is eligible, subject to payment of prescribed fees; the provision also contemplates specified fee exemptions and refunds for certain institutions with privileges and immunities.
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